Business Personal Property: Are You Adequately Covered?
Commercial property insurance is designed to cover expenses resulting from loss of/damage to a policyholder’s building and contents. “Contents” is referred to as Business Personal Property (or BPP) – a key consideration when deciding how much insurance coverage to purchase. Some businesses give too little thought to or even underestimate the value of their assets only to discover, once a loss occurs, that their company is underinsured. Accurately valuing BPP may take some time and effort, but the financial benefits are well worth the task.
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